For the past three years, investors and landlords have seen incomes skyrocket as Australians competed over an insufficient supply of rental properties. Rent rises are slowing now as the market begins to balance out following an influx of new investment properties to help ease supply. For investors, it’s a time to either consolidate or go…
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Homes with the five bedrooms or more have seen average rental growth nearing 10%, according to the industry researcher, CoreLogic. Its finding indicates some renters are starting to pool their resources, or they’re willing to live in homes with total strangers. CoreLogic reports that rental growth for homes of five-bedrooms or more have risen 8.7%,…
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A jump of 30% in the value of investor loans has buoyed the real estate market as it prepares for a huge spring selling season. Loans for owner-occupiers are also higher, rising 13.2% compared with the corresponding period 12 months ago. The total value of new housing loans rose 1.3% in June to $29.2 billion…
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Affordable property is hard to find these days and more people are being forced to make tough home choices when buying. Such as, is it worth buying an affordable home if it means living in a high-crime area? This issue is reinforced with more people compelled to live in cheaper, outer-ring areas where crime can…
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Keen observers of real estate often use trends in home loan applications as a predictor for the short-term performance of property prices. New data from the Australian Bureau of Statistics for May indicates Australia is having a strong winter ahead of an anticipated busy spring selling season. Significantly, the data illustrates that while there may…
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Australian dwelling values increased a further 0.7% in June, taking growth to 8% across the financial year ending June 30. The CoreLogic data suggests the median average value increase for every Australian property was $59,000. The average price of a home – any residence, be it a house, apartment or duplex – is now $794,000.…
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Growth in investors’ rental income has surged this year with the national median weekly rent hitting $627 nationwide. And it’s not just the big cities feeling the heat – average costs range from $770 a week in Sydney to $547 in Hobart. With a housing shortage and a strong immigration flow, these rent rises are…
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Facing voter frustration at housing affordability, the White House has pushed legislation to Congress seeking to cap annual rent increases at 5% and punish corporate landlords by withdrawing their federal tax breaks if they ignore the limit. The Biden administration also pledged to repurpose public land in Nevada so 15,000 affordable housing units can be…
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Purchasing an investment property is very different to buying a home for yourself. It’s natural to be caught up in the emotion of purchasing a home you plan to live in. But you must be clear-eyed and focused on the bottom line with an investment property. You want to weigh the cost against the prospective…
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The Australian Government’s recent move to incentivise Build-to-Rent (BTR) projects will help open up new options for property investors. A financial instrument called a Managed Investment Trust (MIT) is a core part of build-to-rent projects for investors. It allows multiple investors to pool their funds, enabling even individuals with limited financial resources to invest in…
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